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You should ask a cpa, a buddy of mine works at an accounting firm-I think it’s called EYYYY-must be Canadian. Anyhow, I can put him in touch with you if you’d like
Roth = post tax. So long as you do have a Roth 401k and have it rolled into another Roth account you won’t get hit with a penalty or tax. Traditional to Roth = tax owed on the conversion
Why wouldn’t you roll the principal over to a Roth IRA?
It will not be taxed or fined but you have 30 days to complete the rollover. It is typically recommended that you roll it over into your new 401k
The rollover isn’t taxed. However be aware of 5-year rule if you plan on taking distributions in near future.
Rsm1: that’s what I thought. PwC2: can you explain what you mean further
Nope